College Ave Student Loans offers qualified graduate students an
average savings of over $1,2001 vs. the Federal
Direct Plus program

College Ave Student Loans offers qualified graduate students lower
rates than the Federal Direct Plus program

College Ave Student Loans now offering fixed and variable rates for
undergraduate and graduate loans

December 07, 2015 10:01 AM Eastern Daylight Time

WILMINGTON, Del.--(EON: Enhanced Online News)--College Ave Student Loans, a leading online marketplace lender of
student loans, today announced the launch of its graduate student loan,
a new choice for graduate students paying for college. For
credit-qualified graduate students, College Ave Student Loans offers a
lower fixed interest rate than the Federal Direct PLUS loan and will not
charge customers an origination fee. According to The College Board’s
"Trends in Student Aid 2015" annual report, in 2014-15, 355,000 college
students borrowed $7.8 billion from the Grad PLUS program, at an average
of nearly $22,000 per student. With a lower fixed rate and no
origination fee, that means grad students could save more than $1,2001
on the average loan with the College Ave Student Loans product over PLUS.

“We’re excited to offer grad students with great credit history a
competitive alternative to Grad PLUS loans as they decide how to pay for
their higher education”

“We’re excited to offer grad students with great credit history a
competitive alternative to Grad PLUS loans as they decide how to pay for
their higher education,” said Joe DePaulo, Co-Founder and CEO of College
Ave Student Loans. “Grad students who’ve established strong credit
deserve choices that recognize and reward that history. We’re delivering
with a loan that has no fees to apply, repayment flexibility, and a
lower rate than they can get with a PLUS loan. Our new product is a
continuation on our commitment to make paying for college more
affordable and the loan process less complicated.”

With no origination fees and a 6.35% APR (with a 0.25% auto-pay
discount), the College Ave Student Loans offer for graduate students is
a competitive alternative to existing grad loans. The loan offers
repayment flexibility – including multiple in-school repayment options,
and a choice of how many years the student wants to take to repay the
loan - so borrowers can balance monthly budgets while paying as little
as possible overall. Grad students who would rather have a lower
starting rate can also opt for a variable rate instead (3.78%-5.78% APR
with 0.25% auto-pay discount).

To help consumers explore their choices, College Ave is offering a
tailored grad
student calculator where shoppers can compare the College Ave
Student Loans offer to the Federal Direct PLUS program. Consumers can
confirm if their credit scores qualify, and what rates they personally
can expect from College Ave Student Loans, with a free credit-pre-qualification
tool on the site.

College Ave Student Loans also announced today that it is offering
families variable and fixed rates on both undergraduate and graduate
loans. To learn more about College Ave Student Loans, visit: https://www.collegeavestudentloans.com/.

About College Ave Student LoansCollege Ave Student
Loans is simplifying the student loan experience so students can get on
with what matters most: preparing for a bright future. As an online
marketplace lender with a sole focus on private student loans, we’re
using technology and our deep industry expertise to connect families who
need to cover education costs with lenders who can provide that funding.
By specializing in student loans, we are able to give our customers the
attention they deserve and deliver loans that are simple, clear, and
personalized for the individual. Competitive rates, the most repayment
options, and a customer-friendly experience from application through
repayment. For more information, visit: https://www.collegeavestudentloans.com/.

1 Calculations are estimates only. Calculations assume a
graduate borrower takes out a loan for $20,955 (before fees), has one
loan disbursement, uses a 10-year standard repayment plan, remains in
school at least half-time for two years and does not make any payments
while in school or during the grace period. Calculations are as of
12/07/2015 based on Direct PLUS Loan information available on https://studentaid.ed.gov
including a 6.84% interest rate, 4.272% loan fee, and 6 month grace
period vs. a College Ave Student Loans graduate product with a 6.75%
interest rate, no loan fee, and a 9 month grace period.

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